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EURGBP: Testing the Support at 0.9044

EURGBP: Testing the Support at 0.9044

EURGBP adds 0.05% at 0.9042 as the correction from 0.9316 highs stalls at the 50 day moving average. GBP attract bids after Merkel’s comments that add to hopes of a solution to the Irish backstop before the end of October 31st. On the technical analysis side the bulls are still [...]
USDTRY: Bulls Looking for a Break Above Two Week Highs

USDTRY: Bulls Looking for a Break Above Two Week Highs

USDTRY gives up 0.05% today at 5.7591 but continues the rebound from 5.45 recent lows to two-week highs. The pair accelerated the upward move after the price pierced the descending trendline from May 23rd. Yesterday, the United States Initial Jobless Claims came in at 209K, below forecasts of 216K in [...]
FTSE 100 Higher on Corporate Deal News

FTSE 100 Higher on Corporate Deal News

FTSE 100 is adding 0.71% at 7,179 helped by a deal between Entertainment One and  Hasbro. Investors focus is on Jackson Hole meeting and a speech by Fed’s chairman Jerome Powell. Wall Street indices ended mixed yesterday while Asian indices finished higher. FTSE 100 getting a boost from ITV plc +4.71%, [...]
GBPUSD Retreats From 3 Week Highs

GBPUSD Retreats From 3 Week Highs

GBPUSD turned lower at 1.2213 after the pair rejected at 1.2260. The pair last week got a boost from the UK Retail Sales which rose 0.2% m/m in July beating forecasts, suggesting that the British economy is in better shape than investors feared. GBPUSD correction stopped at 1.2193 and started [...]
AUDUSD at Fresh Weekly Lows

AUDUSD at Fresh Weekly Lows

AUDUSD trades 0.01% higher at 0.6757 as investors await RBA’s governor Philip Lowe speecj in Jackson Hole. The release of RBA's August meeting minutes didn’t provide any fresh clues about the next policy move. Investors closely watch the RBA, as it kept its official cash rate on hold at 1.00%, [...]
Nikkei 225 Higher, Ahead of Jackson Hole

Nikkei 225 Higher, Ahead of Jackson Hole

Nikkei 225 and Asian equities finished  higher today as investors focus on Jackson Hole meeting today. The Hang Seng trading 0.54 per cent higher at 26,189, the Singapore Straits Times index finished 0.54 per cent higher at 3,111 and the Shanghai composite ended 0,49 per cent higher to 2,897. Aussie [...]
NZDUSD Rebounds But Still In Oversold Levels

NZDUSD Rebounds But Still In Oversold Levels

NZDUSD is trading 0.34% higher at 0.6385 rebounding from 44 month lows after New Zealand’s Q2 Retail Sales came in at 0.2% growth versus 0.7% prior while Retail sales ex-Autos grew only 0.3% against 0.6% earlier. RBNZ Governor Adrian Orr sain in an interview that the 50 bps interest rate [...]
Forex Focus on Jackson Hole

Forex Focus on Jackson Hole

Traders around world will closely watch the central bankers speeches in Jackson Hole with Fed chair Powell's speech due at 1400 GMT. Here is the list: BOE governor Mark Carney RBNZ governor Adrian Orr RBA governor Philip Lowe Bank of Canada governor Stephen Poloz ECB governing council member Klaas Knot ECB chief [...]